19617 NE 14th Ave

Miami, FL 33179 · single_family · For Sale · 11 days on market
Asking price$3,031,265
5 beds 4 baths 4,119 sqft
Suggested offer$1,970,777$1,060,488 above the est. market value of $1,970,777.
View on Realtor.com →
Typesingle_family
Built
Price / sqft$736
Est. value (own analysis)$1,970,777
Rent estimate (own analysis)$16,475/mo
HOANone
Show every detail
Statusfor_sale
Listed date2026-08-23
Removed date
MLSLennar #50907600309
Coordinates
Address19617 NE 14th Ave
CityMiami
StateFL
Zip33179
Listing ID9294522396
Sourceus-real-estate-listings, cached 2026-09-02

ZIP market snapshot (33179)

Typical home value (ZHVI)$274,207
Typical rent (ZORI)$2,257/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.

Underwriting (buy-and-hold, default assumptions)

Purchase price$3,031,265
Down payment (20.0%)$606,253
Loan amount$2,425,012
Closing costs (5.0%)$151,563
Total cash to close$757,816
Rent (comp-derived)$16,475$197,700
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$197,700
Vacancy rate (assumption) assumption8.0%

$197,700 × 8.0% = $15,816

Effective gross income$15,157$181,884
Property tax (placeholder 1.9% of price)$4,800$57,594
Insurance (placeholder 0.8% of price)$2,021$24,250
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$824$9,885
Total operating expenses$7,644$91,729
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$181,884
Total operating expenses derived$91,729

$181,884 − $91,729 = $90,155

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$2,425,012
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,425,012 amortized at 6.7% over 30 years = $15,584/mo

CapEx reserve (5.0% of GSR)$824$9,885
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$90,155
Annual debt service derived$187,005
Annual CapEx reserve assumption$9,885
Annual PMI assumption$0

($90,155 − $187,005 − $9,885 − $0) ÷ 12 = -$8,895

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$90,155
Purchase price data$3,031,265

$90,155 ÷ $3,031,265 = 3.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$106,736
Total cash to close derived$757,816

-$106,736 ÷ $757,816 = -14.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$90,155
Annual debt service derived$187,005

$90,155 ÷ $187,005 = 0.48

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$197,700
Purchase price data$3,031,265

($197,700 ÷ 12) ÷ $3,031,265 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,031,265
Gross scheduled rent (annual) comp$197,700

$3,031,265 ÷ $197,700 = 15.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$91,729
Effective gross income derived$181,884

$91,729 ÷ $181,884 = 50.4%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$91,729
Annual debt service derived$187,005
Annual PMI assumption$0
Gross scheduled rent (annual) comp$197,700

($91,729 + $187,005 + $0) ÷ $197,700 = 141.0%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family554,197$19,9002026-06-17
single_family554,400$18,0002026-05-26
single_family553,470$45,0002026-05-15
single_family543,275$10,0002025-11-16
single_family554,119$18,5002026-04-01
single_family554,057$14,9502026-04-20
single_family532,702$5,500
single_family532,700$10,0002026-07-29

19701 NE 16th Pl

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,197
Listed2026-06-17
Days on market

Asking rent: $19,900

View on Zillow →

19616 NE 14th Ct

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,400
Listed2026-05-26
Days on market

Asking rent: $18,000

View on Zillow →

1941 NE 196th Ter

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage3,470
Listed2026-05-15
Days on market

Asking rent: $45,000

View on Zillow →

1961 NE 188th St

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,275
Listed2025-11-16
Days on market

Asking rent: $10,000

View on Zillow →

19708 NE 14th Ave

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,119
Listed2026-04-01
Days on market

Asking rent: $18,500

View on Zillow →

19602 NE 14th Ct Unit 0

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 5 ba
Square footage4,057
Listed2026-04-20
Days on market

Asking rent: $14,950

View on Zillow →

19244 NE 9th Pl

Miami, 33179 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,702
Listed
Days on market

Asking rent: $5,500

View on Zillow →

19340 NE 19th Ave

North Miami Beach, 33179 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,700
Listed2026-07-29
Days on market

Asking rent: $10,000

View on Zillow →

Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

AddressTypeBedsBathsLiving sqftSale priceSale date
2021 NE 212th Stsingle_family553,880$2,600,0002026-08-31
2140 NE 206th Stsingle_family532,287$1,010,0002026-07-31
1961 S Oak Haven Cirsingle_family554,856$2,050,0002026-06-17
1870 NE 197th Tersingle_family532,837$1,188,0002026-05-27
2110 NE 198th Tersingle_family533,412$1,651,0002026-05-26
1270 North Drsingle_family541,600$599,0002026-05-04
312 NE 210th Waysingle_family552,833$1,475,0002026-04-30
2156 NE 187th Stsingle_family532,462$1,650,0002026-02-10
617 NE 191st Stsingle_family542,702$1,150,0002026-02-02
1860 NE 199th Stsingle_family532,883$1,729,0002026-02-02
19501 Ambassador Ctsingle_family554,780$2,757,0002026-01-12
20335 NE 20th Ctsingle_family573,277$2,100,0002025-12-24
1990 NE 197th Tersingle_family542,337$1,300,0002025-12-22
20101 NE 20th Ctsingle_family532,584$1,370,0002025-12-18
2131 NE 202nd Stsingle_family534,180$1,840,0002025-12-11
2011 NE 211th Stsingle_family522,767$1,305,0002025-11-13
1930 NE 193rd Stsingle_family555,285$2,500,0002025-11-03
1330 NE 212th Tersingle_family531,782$480,0002025-10-03

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

AddressTypeBedsBathsSqftAsking priceDays on market
19200 NE 14th Ctsingle_family554,336$3,188,990
19200 NE 14th Ctsingle_family544,119$2,985,990
1875 NE 193rd Stsingle_family553,360$4,099,000
19200 NE 14th Ctsingle_family544,095$2,795,990
19613 NE 14th Avesingle_family554,336$3,188,990
19662 NE 14th Ctsingle_family544,095$2,865,890
19668 NE 14th Avesingle_family543,550$2,649,690
19200 NE 14th Ctsingle_family543,550$2,590,990

10-year hold projection

IRR0.7%
Equity multiple1.11x
Total return (10yr)$480,119
YearProperty valueNOICash flowLoan balanceEquity
1$3,122,203$90,155-$106,736$2,398,719$723,483
2$3,215,869$93,318-$103,819$2,370,621$845,248
3$3,312,345$96,588-$100,803$2,340,594$971,751
4$3,411,715$99,967-$97,683$2,308,504$1,103,211
5$3,514,067$103,460-$94,456$2,274,211$1,239,856
6$3,619,489$107,070-$91,119$2,237,563$1,381,926
7$3,728,074$110,801-$87,668$2,198,398$1,529,676
8$3,839,916$114,657-$84,098$2,156,544$1,683,372
9$3,955,113$118,642-$80,407$2,111,815$1,843,298
10$4,073,767$122,760-$76,590$2,064,015$2,009,752
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.